Trendyol
Istanbul, Turkey · Founded 2010 · $3.5B raised
- Headquarters
- Istanbul
- Employees
- 10001+
- Founded
- 2010
- Business Model
- Marketplace
- Website
- trendyol.com
- Total Funding
- $3.5B
- Last Round
- $2.0B Corporate RoundSep 2023
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Trendyol is Turkey's leading e-commerce marketplace and the most valuable e-commerce company in EMEA. Founded in 2010 by Demet Mutlu, Evren Üçok, and Begüm Tekin, it operates across 36 countries including 27 EU nations, the UK, 6 Gulf countries, and Azerbaijan. Alibaba Group holds approximately 70% of the company as of 2024, having invested over $1.4 billion since 2018. Trendyol became Turkey's first decacorn in 2021 at a $16.5 billion valuation following a $1.5 billion funding round with investors including SoftBank Vision Fund 2, General Atlantic, and Qatar Investment Authority. The platform delivers over 2.5 million packages daily, serves 40+ million active users, and operates Trendyol Express (its own delivery network), Dolap (second-hand marketplace), and Trendyol Tech (AI and R&D division). The company has launched its own large language model and expanded into Gulf markets with warehouses in Saudi Arabia and the UAE.
Summary
Trendyol is an E-Commerce company based in Istanbul, Turkey, founded in 2010. It has raised $3.5B in total across 3 rounds, most recently a $2.0B Corporate Round in Sep 2023. Investors include Alibaba Group, General Atlantic and SoftBank.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Sep 2023
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Funding: Venture Round through Corporate Round. Amounts, valuations, and investors where available.
Investors
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